Truth Technologies, Inc.

Argentina is chasing the World Cup. The FBI is chasing $300 million in soccer money through Miami. ⚽

According to reporting by the Miami Herald and La Nación, federal investigators are examining whether AFA sponsorship revenue routed through Miami-based entities may have violated US money laundering and fraud laws.

The reported financial pattern hits every red flag in the AML playbook. 🚨

Shell companies sharing a single Miami address. Remittance intermediaries replacing direct institutional payments. $109 million moving through Uruguay into offshore vehicles in the British Virgin Islands. At least $42 million was steered to Florida firms with no visible business activity.

This is the same jurisdictional theory the DOJ used against FIFA in 2015. If the money touches a US bank, US prosecutors have a case.

No charges have been filed and the investigation is ongoing. But the compliance lessons do not wait for an indictment.

We broke it all down on the blog.

Link here 👉 https://truthtechnologies.com/afa-fbi-money-laundering-probe/

Merrill Lynch had a transaction monitoring system. It was generating risk scores. Their own internal data had already flagged the problem. ⚠️

They did nothing about it for four years.

On June 29, 2026, the SEC handed them a $7.5 million fine for SAR filing failures. And this is their second SAR penalty in three years. The first was $12 million in 2023.

Both times, the root cause was the same thing. A misconfigured threshold.

Here is the part that should concern every BSA team right now:

The system wasn’t broken. The settings were just wrong. And nobody was asking whether the line separating reviewed from unreviewed alerts was in the right place.

That isn’t a technology problem. It’s a governance problem. 🔍

We broke down what happened, why it keeps happening, and the three questions every BSA officer should be asking their team today.

Link here 👉 https://truthtechnologies.com/merrill-lynch-sar-fine/

The bank blocked the payment. ❌ 🏦

Sabre didn't stop. It asked the airline to send a test payment to a non-UK account instead.

OFSI called that circumvention. And on 26 May 2026, it issued the UK's largest Russia sanctions fine since the 2022 invasion. £1,000,920.59.

Here is what makes this case different from every other sanctions enforcement action we have covered:

The firm is not a bank. It's a travel technology company. It provides airline distribution software.

And it was notified of the designation on day one. ⚠️

OFSI assessed the case as most serious for three reasons:
🚫 Active circumvention
⏳ Continued service for seven months after the breach was internally identified
🎯 Conduct that directly undermined the purpose of the sanctions regime

The compliance lesson here isn't just for financial institutions. If your firm provides services, technology, or economic resources to any entity that could be designated, you have sanctions exposure. And if your bank ever blocks a payment for sanctions reasons, that isn't a routing problem to solve.

It's a stop signal.

Blog link here 👉 https://truthtechnologies.com/sabre-ofsi-russia-sanctions-fine/

Wise didn't get flagged by a regulator reviewing its books. 👀

It got flagged because its accounts kept showing up in hundreds of criminal files across 30 European countries.

That distinction matters. Belgian prosecutors are now moving to criminal court over €500 million in suspicious transactions linked to fraud, drug trafficking, and corruption.

This is also the third jurisdiction to question Wise's AML controls in two years.

At 4.7 million transactions a day, the risk is not whether bad actors will try to use your platform. It's whether your monitoring will see them when they do. 🔍

We broke it all down in our newest blog post.

Link here 👉 https://truthtechnologies.com/wise-belgium-aml-probe/